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201200290
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3/19/2012 3:47:12 PM
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1/11/2012 3:03:27 PM
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DEEDS
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201200290
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20�20029� <br />DEED OF TRUST <br />Loan No: 5863616932 (Continued) Page 11 <br />provision shall sunrive the repayment of the Note and the termination, amendment or expiraUon of any of the <br />Documents or any relaUonship between the parties. <br />G. State Snecific Provisions. <br />If Delaware or Pennavivanla law govems the DlsDUtB, the following provision is Included: <br />Confession of Judgment Notwithstanding anything herein to the contrary, the arbitration requirement does not Iimit or <br />preclude tha right of Lender to confess judgment pursuant to a warrant of attomey provision set forth in the Note or <br />Related Documents. No parly shall have the right to demand binding arbiVation of any claim, dispute or controversy <br />seeking to (f) strike-off or open a judgment obtained by confession pursuant to a warrant of attomey contained in the <br />Note or Related Documents, or (ii) challenge the waiver of a right to prior noUce and a hearing before Judgment is <br />entered, or after Judgment is entered, but before execution upon the judgment. Any claims, disputes or controversies <br />challenging the confession of judgment shall be commenced and prosecuted in accordance with the procedures set <br />forth, and in the forum specified by the applicable state rules of civil procedure or other applicable law. <br />Ii M�land lauv govems the Disoute, the following provlsion is included: <br />Confession of Judgmer�t Notwithstanding anything herein to the contrary, the arbitraUon requirement does not limit or <br />preclude the right of Lender to confess judgment, and no party shail have the right to demand binding arbitratlon of any <br />claim, dispute or controversy seeking to open a judgment obtained by confession. Nothing herein, including the <br />arbitratlon requirement, shell Iimft the right of any party to foreclose judicially or non Judicially against any real or <br />personal property collateral, or exercise judicial or non-judicial power of sale rights. No provision regarding submission <br />to a Jurisdiction and/or venue in any court or the waiver of any right to trlal by jury is intended or shall be consVued to <br />be in derogaUon of the provisions for arb(Vatlon of any dispute. Any claim or counterclaim ar defense raised in <br />connection with Lender's exercise of any rights set forth in the Note or Related Documents shall be subject to the <br />arbitration requfrement. <br />If South Carolina law gpvems the DlsputB, the tollowing provision is included: <br />WAIVER OF JURY TRIAL NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, WITHOUT INTENDING IN <br />ANY WAY TO LIMIT THE PARTIES' AGREEMENT TO ARBITRATE ANY DISPUTE AS SET FORTH IN THIS MORTGAGE, <br />TO THE EXTENT ANY DISPUTE IS NOT SUBMITTED TO ARBITRATION OR IS DEEMED BY THE ARBITRATOR OR BY <br />ANY COURT WITH JURISDICTION TO BE NOT ARBITRABLE OR NOT REQUIRED TO BE ARBITRATED, MORTGAGOR <br />AND MORTGAOEE WAIVE TRIAL BY JURY IN RESPECT OF ANY SUCH DISPUTE AND ANY ACTION ON SUCH <br />DISPUTE. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY MORTGAGOR AND <br />MORTGAGEE, AND MORTGAGOR AND MORTGAGEE HEREBY REPRESENT THAT NO REPRESENTATIONS OF FACT <br />OR OPINION HAVE BEEN MADE BY ANY PERSON OR ENTITY TO INDUCE THIS WANER OF TRIAL BY JURY OR TO IN <br />ANY WAY MODIFY OR NULLIFY ITS EFFECT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES <br />ENTERING INTO THE LOAN DOCUMENTS. MORTGAGOR AND MORTGAGEE ARE EACH HEREBY AUTHORIZED TO <br />FILE A COPY OF THIS SECTION IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER OF JURY TRIAL <br />MORTGA(30R FURTHER REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE SIGNINO OF THIS <br />MORTGAGE AND IN THE AAAKING OF THIS WAIVER BY IIdDEPENDENT LEGAL COUNSEL, OR HAS HAD THE <br />OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUPISEL SELECTED OF ITS OWN FREE WILL, AND <br />THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WANER WITH COUNSEL. <br />If �inia law governs the Dis�, the following provision is included: <br />Confesslon of Judgment The arbitration requirement does not Iim(t or preclude the right of Lender to confess judgment <br />pursuant to a warrant of attomey provision set forth in the Note or Related Documents. No party shall have the right to <br />demand binding arbitratlon of any claim, dispute or controversy seeking to (i) strfke-off or open a judgment obtalned by <br />confession pursuant to a warrant of attomey contained in the Note or Related Documents, (ii) challenge the waiver of a <br />right to prior notice and a hearing before judgment is entered, or after Judgment is entered, but before execution upon <br />the judgment. My claims, disputes or conVoversies challenging the confession of judgment shall be commenced and <br />prosecuted in accordance with the procedures set forth, and in the forum specified by the applicable state rules of civil <br />procedure or other applicable law. <br />:-�, =r. <br />If California law g4Yerns the Disnute, the following provisions are included: <br />Real Property Collaterel; Judicial Reference. Notwithstanding anything herein to the contrary, no Dispute shall be <br />submitted to arbitration if the Dispute concems indebtedness secured directly or indirecUy, in whole or in pert, by any <br />real property unless (I) the holder of the mortgage, Ifen or security interest speciflcally elects in writing to proceed with <br />the arbitratlon, or (ii) all partles to the arbiVation waive any rights or benefits that might accrue to them by virtue of the <br />single action rule statute of Calffomia, thereby agreeing that all indebtedness and obligatlons of the partfes, and all <br />mortgages, Uens and security interests securing such indebtedness and obligatlons, shall remain fulty valid and <br />enforceable. If any such Dispute is not submitted to arbitraUon, the Dispute shall be referred to a referee in acxordance <br />with Califomia Code of Civil Procedure Section 638 et seq., and this general reference agreement is intended to be <br />speciflcally enforceable in acxordance with said Section 638. A referee with the qualifications required herein for <br />arbftrators shall be selected pursuant to the AAA's selection procedures. Judgment upon the decision rendered by a <br />referee shall be entered in the court in which such proceeding was commenced In accordance with Califomia Code of <br />Civil Procedure Sections 644 and 645. <br />Small Claims Court. Any party may require that e Dispute be resolved in Small Claims Court lf the Dispute and related <br />
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